Italian family Exor, which also owns luxury brands Hermes and Shang Xia, has made a significant investment of €541 million in renowned French shoe designer Christian Louboutin. This move comes shortly after LVMH’s acquisition of German brand Birkenstock, indicating a growing trend in the shoe industry.
The Agnelli family, known for owning Ferrari and Juventus FC, will hold a 24% stake in Christian Louboutin through their family holding Exor. This investment is aimed at bolstering the brand’s presence in Asia, especially in China. Christian Louboutin has been actively expanding its digital footprint in recent months by partnering with platforms like Drest and Zepeto.
With 150 stores in 30 countries, Christian Louboutin has established itself as an iconic luxury brand since its establishment in 1991. The transaction is expected to be finalized in the second quarter of 2021, further solidifying the brand’s standing in the global fashion industry.
For more information on Christian Louboutin and its products, visit their official website and explore their wide range of shoe collections: Christian Louboutin Official Website.
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